In late-May Activecare, Inc. (OTC:ACAR) had a session characterized by some unclarity around the traded volume. The same thing happened last Friday.
If you look at quotemedia‘s data, it shows ACAR was down 16.28%, closing at $0.54 with 672 thousand shares traded. The same thing can be seen on OTCMarkets.com. [BANNER]
However, Yahoo finance says there was no volume and the last trade was at $0.60. Google finance shows the 672 thousand volume, but at the same time the chart would suggest 5,200 shares were traded during the session. There is no data about ACAR in FINRA’s regsho for Friday.
We don’t know where the error is, but there is certainly something wrong with the picture. The fact is, a 16% drop on a huge volume wouldn’t make much sense as there is no news to cause it, there are no new financials either.
The two instances of the error bear some striking resemblances. Both happened on a Friday, in both cases there was a significant price drop on high volume, and in both cases there wouldn’t be a reason for such a move.
The most recent press release by ACAR is from Aug. 4, when the company announced the FCC had approved its second generation Personal Assistance Link headset, the ActiveOne+. This kind of news wouldn’t cause a drop.
There is no chatter on the investor message boards about ACAR, either. What really happened remains a bit of a mystery for the moment. The company hasn’t made any comments on the matter.
